117 Blue Lagoon Dr Gulf Shores, AL 36542
Exceptional investment opportunity awaits in this stunning, multi-level Gulf Shores home boasting breathtaking Little Lagoon views. This 1,844 square foot property, built in 2002, offers a unique blend of comfort and income potential, making it ideal as a primary residence or lucrative vacation rental. The home features a new metal roof (installed in 2022), a sprinkler system, and energy-efficient 6-inch exterior walls. All appliances are included. Inside, you'll find a spacious living area with high ceilings and tile flooring, seamlessly flowing into the kitchen and dining area, all showcasing captivating lagoon vistas. A separate dining space is conveniently located at the front of the home. Upstairs, three bedrooms await, including a large primary suite with a trey ceiling, walk-in closet, double vanity, and a bonus area overlooking the living space. Two additional bedrooms, situated on the opposite end of the hallway, feature Bahama shutters. The upstairs hall bathroom includes a water closet and a tub/shower combination. Outside, ample covered and uncovered parking is available, along with multiple covered patios. Two additional storage rooms are located under the home; one boasts built-in cabinets and a sink, while the other offers built-in shelving. Residents enjoy access to a private fishing pier, an outdoor pool, walking/biking trails, and Little Lagoon Pass access via walking trails. This property presents a rare opportunity to own a piece of Gulf Shores paradise. Buyer to verify all information during due diligence. Some photos are virtually staged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.